A Good Bookkeeping System Helps You Complete Schedule C
Tax season is HERE and it’s time to file your Schedule C! This post includes an overview of the Schedule C for craftpreneurs and how a good bookkeeping system helps you complete it.
Helping handmade, creative and craft business owners learn to handle their bookkeeping, one step at a time!
Helping handmade, creative and craft business owners learn to handle their bookkeeping, one step at a time!
Tax season is HERE and it’s time to file your Schedule C! This post includes an overview of the Schedule C for craftpreneurs and how a good bookkeeping system helps you complete it.
Tax time is right around the corner, and if you’re a handmade business owner there are “things” you need to keep track of and record in your bookkeeping system for tax purposes. This post has some bookkeeping and tax time tips to make your life easier.
Do you use PayPal? Sell on Etsy? If you do, say hello to the 1099-K! There are big changes ahead because the IRS and State governments don’t want you to forget about their share of your sales. All you handmade, creative, and craft business owners who: sell finished items, digital patterns, or services on places …
What craft business owners need to know about sales tax. In a nutshell, Sales Tax nexus happens when your business has some sort of connection to another specific state(s). That connection can be either physical, economic, or both.
Want to end tax time panic? It’s simple, update your bookkeeping weekly all year long. Tax time comes but once a year. So many handmade business owner scramble to do months worth of bookkeeping tasks to “hurry up” and get ready for tax time, in a relatively short amount of time – hating every second …
Form 1099-NEC is used to report non-employee compensation of $600 or more during the tax year (2020, 2021, 2022, 2023, etc.). Handmade business owners, if you paid more than $600 to someone that is NOT an employee, you could likely have to file a Form 1099-NEC. Tax season is here, and it means more than …
Learning how to fill out a Sales & Use Tax Return can be a challenge for a handmade or creative business owner, well actually any sort of business owner. The second quarter just ended on June 30, so that means here in the U.S. many business owners need to complete and submit a Sales (& …
Sales Tax-the DIRTY lowdown of how it impacts your handmade or creative business. Sales Tax is totally overwhelming and often confusing for handmade and/or creative business owners. And it’s little wonder – few understand (or even want to think about) the impact that the Supreme Court ruling that went into effect June 21, 2018 had …